Set up your Georgian IT company with company registration, a Virtual Zone application and accounting support planned together. We help software businesses connect the structure with their contracts, development work and overseas clients.
Connect the company with your IT activity
We begin with what your team develops, where the work is performed and how it is delivered to customers. That gives the Virtual Zone application and accounting arrangements a clear business foundation. Contracts, development records and income allocation are organised around the qualifying activity.
Company and application support
- New company formation or an agreed readymade IT company.
- Virtual Zone application preparation.
- Corporate documents, registration and a 12-month legal address.
- Revenue Service portal setup and banking application assistance.
- An accounting handover covering tax returns and supporting IT records.
IT company setup — 4,600 GEL
The advertised package is for one individual director/shareholder and covers the specified formation or transfer documents, agreed translations, portal setup and address. IT-contract translation, additional persons or documents, bank charges and ongoing accounting are quoted separately. We confirm the company availability and package before you proceed.
Ongoing accounts and reporting
Your company will still need proper accounts and the tax, payroll and other reporting applicable to its activity. We help you keep the records for qualifying IT income separate from other transactions and understand the treatment of dividends and employee payments.
Compare the company with your salary plan
For an established IT business employing a Georgian team, compare the Virtual Zone treatment with International Company status. Include salaries, dividends, VAT and the cost of maintaining the local operation in the calculation.
Separate software development from other income
A Virtual Zone company should be able to show what information technology it creates and which income relates to the qualifying supply outside Georgia. Software development, resale, support, marketing and management charges can involve different facts. Record them clearly in the contract and accounts rather than assigning the same treatment to every invoice.
| Area | Record to retain | What it explains |
|---|---|---|
| Development | Project descriptions, code/project history and acceptance records | What technology was created |
| People | Employment or contractor agreements and work records | Who performed the development and where |
| Customer | Contract, customer details and delivery records | The recipient and qualifying supply |
| Income | Invoices, receipts and a breakdown by activity | Which receipts relate to the qualifying work |
| Costs | Payroll, contractors, software and other project costs | The operating activity and accounting allocation |
| Owner distributions | Accounts, decisions and payment records | The separate dividend and withholding calculation |
Compare the complete tax result
The relevant corporate profit-tax relief should be assessed with payroll, VAT, dividends and the cost of operating the company. A qualifying exemption at company level does not answer how every employee, shareholder or purchase is taxed. Keep a short calculation of the amounts retained in the company and the amounts intended for distribution.
An IT business with the required history and real Georgian operations may also wish to compare International Company status. Compare the same customer revenue, salary bill, expenses and distribution plan under each option. The comparison is useful only when the activity meets the relevant statutory conditions.
Review new services before invoicing
Tell the accounting team when the company adds a new service, hires a team abroad or changes its contracting model. Keep the application records and later operating evidence together. A consistent project file makes it easier to explain the tax treatment as the business grows.
Discuss the next step
Send a description of your IT services, customer countries and where the development team will work.
Request a consultationFrequently asked questions
What supports qualifying Virtual Zone IT income?
Retain the customer contract, technology and development records, evidence of the people and location of the work, invoices and the income allocation. Assess these facts against the qualifying activity and supply rules.
Which records and taxes continue after approval?
Maintain the company accounts, separate qualifying income from other activity and assess VAT, payroll, dividends and annual reporting under their relevant provisions. Keep the approval and development evidence with the accounting file.
Legal basis: Law of Georgia on Information Technology Zones; the Virtual Zone provisions of the Tax Code of Georgia.